REGISTERED COMPANY NUMBER." 03024733 (England and Walos)
REGISTERED CHARITY NUMBER: 1044712
Re
ort of th8 trustees and
Unaudited financial statements for the
nod 1 Janua
2023 to
1 March 2024
For
Land uard F
Trust

Land uard Fort Trust
Contents of the financial statements
for the Period 1 Janua
2023 to 31 March 2024
Page
Report of the Trustees
1 to 6
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
9 to 10
Notes to the Financial Statements
11 to 18
Detsiled Ststement of Financlal Acllvltles
19 to 20

Land
uard Fort Trust
Re
ort of the trustees
for the Period 1 Janua
2023 to 31 March 2024
The Trustees. who are also directors of the Charity for the pury))ses of the Companies Act 2006. present their
report with th@ independently examined financial statements of the Charity for the fifteen months ended 31
March 2024.
The Charity is a Company limited by guarantee and has no share capitsl and was incorporated on 21st
February 1995. The Charity was estsblished under a Memorandum of Associatlon and is governed under its
Articles of Association.
The Trustees
Mr T Clarke (Chair)
Mr S J Curtis
Mr J W Ogden
Ms N Pace (appointed 23 March 2023}
Mr P Poole
Mr M Shannan
Mr C D Slemmings (Vice Chair)
Mr M Stephenson {Company Secretary)
Mr K J Sullivan (Treasurer)
Objectives and actlvlties
Objectives and alms
The main obj8Ctive is to increase the public's understanding and educational use of the fort. in the form of tha
written word, illustrations, guided tours, audio-visual presentab.ons and the staging of special events in and
around the Fort.
The objectlves of the Charity are to advance the educat#)n of the public about..
the role of Landguard Fort, Fdixstowe as a building of great historical and educational interest in the
defence of the realm, and
' the ways In which the inhabitants of Landguard Fort lived their daily Ives
Significant activities
The Charitls aims are to open Landguard Fort to the public and to create a unique exhibition. educational
facilty and visitor attraction. This is achieved through a Local Management Agreement with English Heritage
Trust and th8 recruitment of a force of Landguard Fort Volunteers without whom the aspirations could not be
met. A General Manager and Operations Assistsnt are employed to OV8rsee the day to day running of the
Trust's activities.
The Trustees work with English H8ritsge Twst. Felixstowe Town Council. East Suffolk Council, the
Landguard Partnership. the recenlly fomied Landguard and Felixstowe Conservats'on Trust and the Port of
Felixstowe and thank them for their continuing and valued supp)rt. without which it would be considerably
more difficult for the Trust to meet its charitable objectives.
Page I

Land
uard Fort Trust
Re
ort of the trustees
for the Period 1 Janua
2023 to 31 March 2024
Objectives and activities
Public benefit
The Trustees confirm that they have paid due regard to the Charity Commission's guidance on public ben8frt
and have strived to ensure that the Charitys acb'vities reflect this. For the public benefit the Trust informs
V151tors of the history of Landguard Fort which is part of the heritsge of England.
This includes axhibitions of the lives and work of the soldiers who lived there throughout th8 P8riod 1650 to
1956 featuring exhibitions of guns. the historic development of the fort and the recreations of living and
working conditions.
The Trust continues to promote Its role, this year using radlo advertising and prlnted and social media
channels to reach potential new audiences. We actlvely encourage visits from young8r audlences wlth a
policy of not only providing free wsits for school groups but supplying an experienced guide for these groups
wherever possible. We also collaborate with national heritage days allowing free entry, providing opportunities
for visitors of all backgrounds to gain access to the fort.
Voluntsers
Volunt88rs are vital for the very existence of the Fort Twst and we continue to demonstrate. as we have for
over 30 years. our love for Landguard Fort and our commitm8nl to displayin9 it for the benefit of the public.
The Trust continues to support volunteers through a variety of activities including:
Smartlog H&S training
NCVO training
Breakfast 'club'
Quiz and meal evenings
Annual Luncheon
Volunteer wellbelng
. EH Afflllate Scheme
All of this helps to create an atmosphere Whe￿ volunteers want to contribute their tirne in looking after and
opening a scheduled monumenl to the public.
We wannly w81come new Volunteers aged 18 and above from all backgrounds. can always find an area
of interest in which to contribute to and join a communty which not only prepares and presents the fort for our
m8ny visilors but also enjoy3 th6 fun of working together and shared social events.
Page 2

Land
uard Fort Trust
Re
ort of the trustees
for the Period 1 Janua
2023 to 31 March 2024
Achievement and perfomiance
Charitable activities
This 15-month period from January 2023 until March 2024 saw our second true seasonal activities since the
pandemic but had the cost of living and energy crisis to contend with. Visitor numbers held up. but not quite
returning to pre pandemic levels. in common with many other sectors.
We welcom8d 26.150 visitors to the fort. well ahead of our post covid target of 18,000 visitors.
Once again, the shop and tsaroom provided an excelient S8Péice for our visitors and provided an essential
income stream to support our activities. This included valuable income from supp(xting ticketed special
events.
We sadly said goodbye to our longstsrmjing General Manager. Nicola Barker at the end of March 2024. Nicola
has been an inspiratlon to all our volunteers and helped guide us all through the most dlfficult operating years
In our history, keeplng volunteers together and then r8buildlng our operations after covld with all the anxiety
that thos8 years enlalted. Her ingenuty and enthusiasm for events ￿th1¢h helped enable us to bulld our annual
programme into what it is today- Thank you Nicola!
Our new General Manager Elian Shipp joined us at the very end of this financial period - welcome Elianl
2023 also saw the passing of Dave WOCKI who was a founding trustee responsible for the ￿openIng of
Landguard Fort and widely respected for his knowledge of Forbr￿tionS. As chair I had the privilege of
working with Dave whose knowledge was unsurpassed. His devotion of his time to the support of the Fort and
indeed fortifications in general was incredible. His publi&qtion is sts'll being sold by us today. he will be sorely
missed.
Dave's family kindly donated many ilems from his awd collecling over the sears wthich was greatly
appreciated. To mark Dave's contribution. we have had a plaque made which V¥ill be mounted in a celebration
with Dave's family.
Our Fort Forward group, ably chaired by Steve Curtis continues to dfive projects ￿1¢h improve interpretation
for visitors, with the team notsbly working hard during this perlod on the Seaward Defenca HQ. while also
preparing the background for the Anti-Aircraft display. Other projects included:
Enhanced the interpretation in the replica gun room with an animation film showlng how the gun was
operated
. Completed the broadband uplift project. linking the fort, nature reserve. museum and bird observatory
. Created the ViGtorian Officerfs kitchen
Replaced the phones with a digital cloud voice s>Etem
Installed a new CCTV system
Toilets.. In collaboration with Tim Buxbaum, a Landguard and FelixstOW8 Conservation truslee, progress has
b8en made on the design of the proposed toil8t block. Several test holes were dug to survey the site to
detemine th@ type of foundations required for the toilet block.
The maintenancelworkshop team provided rnagnifi￿nt support with displays both for events and for
interpretation boards. These are critical contri￿li0nS bvhen the purchase cost of manufactured items would
be prohibrtiV8.
The enhancement of displays Is critlcal to the educatw)nal role of the Trust and the reinvigoratlon of the
interpr&tation signage continues to impress.
Tours
Our tour programme continued to expand with items such as the Roof 4op tour and the ever successful
'Ghost Tours, _ thank you to Tony Smith and the tearn.
Page 3

Land
uard Fort Trust
Re
ort of the trustees
for the Period 1 Janua
2023 to 31 March 2024
Financial revlew
Financial position
The financial statements are set out on pages 8 to 19. The financial statements have prepared in accordance
with Accounting and Re￿rtIng by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1st January 2019) - (Charities SORP (FRS102)) and the Companies
Act 2006
The Trustees consider the finan(ial performance by the Charity during the year to have been satisfactory.
In common with most organisations, the Trust is exposed to increaslng costs at the present tlme.
Notwlthstandlng this, In association with English Heritage Trusl it was decided not to ralse our visitor
admission prices for a second year thereby further maklng the fort an even better value-for-money
destination.
The Statement of Financial Activities shows net incom8 for the per￿ of £4,266 (2022: £30.778). Total Funds
at 31 March 2024 stand at £247.981 {31 December 2022.. £243,715). The Trustees are satisfied that the
Charity holds an adequate arn￿nt of liquid assets (in the fomi of bank and building society deposits) to
ensure that it is able to meet its obligats'ons as they fall due.
Page 4

Land
uard Fort Trust
Re
ort of the trustees
for the Period 1 Janua
2023 to 31 March 2024
Financial revlew
Reserves policy
Unrestrlctod Funds
Free reserves are represented by net wrrent assets ￿1th]n the Unrestricted Funds of the Charity. Free
reserves ensure the resilience and sustainability of the Charity in such circumstances as when encountering..
' a temporary period of reduced income
• an unexpected increase in operational costs
• unexpected managementlovethead costs
The Trustees continue to take inlo account relevant guidan￿, induding that provided by the Charity
Commission in CC19 'Charity Reserves.. Building Resilience". The continuing review examines potential risks
and assesses these risks against costs to detenmine an apwopriate and prudent level of reserves, together
wf(h an appropriate management framework.
Doslgnat•d Funds
As part of its review of R&8errfes the Trustees have confirnied th8 designats'on of Unrestricted Funds in
respect of the following strategic dev8lopments induded within the Trust's current strategic plans:
(i) Artefacts Fund
The Trust is always lookirYJ at ways to enhance its coll8¢lion of artrfacts, particularly ordnance. These items
are infrequently available and the Trust needs to be able to respond promplly to any opportunity as It
emerges. In recent years the Trust has spent over £25,000 on ordnance.
(li) Capltal Investment Fund
Several large-scale improvements have been identified by the Trustees as being required both lo further
enhance the visitor experience and promole the Trusys obj8ctives or lo ensure that artefacts are maintained
in a suitable environment.
(ill) H8riiag8 Lottery Fund
There are significant opportunities for accessing Heritage Lottery funds which normally require an elemgnt of
matched funding. This Fund has been established by the Trustees to allow the Trust to submit future bids as
opportunities arise. either independently or in parinership with other Organisall￿S.
(iv) Visitor Facilities FurKI
Portable chemical toilets have been in use at the fort for many years. The signfficant increase in visitor
numbers achieved in recent years mean that this solution is not considered by the Trustees to be sustainable
and £20,000 has been allocated frorn the Capital Investrnent Fund with an additi'onal £30,OIJO from the
General Fund for a project to provide perrnanent visitor frdcilities. It is hot*d that extemal funding can also be
secured in this respect as the overall cost is likety to be sp3nificant.
Future plans
The Trust continues to develop the faGrfities and interpretation of the fort in order to attract visitors. The fund5
generated enable the Trust to continue its educational activty and to enable both local people and visitors to
have access to and experi8nce Iheir heritage.
Structure, governance and management
Governing document
The Landguard Fort Trust is constituted by Deed of TnJst and is a Registered Charity No 1044712 and an
Incorporated Company limiied by Guarante8 No 3024733.
Page 5

Land
uard Fort Trust
Re
ort of the trustees
for the Period 1 Janua
2023 to 31 March 2024
structure, governance and management
R8cruitm•nt and appointment of new trustees
Individuals who make themselves known to the Trusl or who are identified as potential trustees ar8
interviewed by trustees and are then invited to observe at a Trustee meeting. Potential trustees are
required to sign the Trustee Code of Conduct and are then co-opted to attend Trustee meetings until the next
Annual General Meeting. At the AGM new Trustees are subject to election by members and can then serve.
Trustees retire by rolation. one third retiring every year. Twstees may then apply for re-election as specified in
the Memorandum of Association.
Landguard Fort Trust is an active member of The Landguard and Feltxstowe Conservation Twst (fomierly
The Landguard Partnership) ￿lch is a collection of Landguard Penlnsular stskeholders vtho coordinate the
management of the peninsula and develop and Implement plans to Improve the area as a vlstior attraction
whilst conserving the heritage and habitaL
Related parti08
There are no transaclions with related parties requiring disclosure.
Reference and admlnlstratlve d•talls
Registered Company Number
3024733 (England and Wales)
Reglstered Charlty Number
1044712
Registered offlca
Landguard Fort
View Point Road
Felixstowe
IP113TW
Independent examlner
Adrian Rush
150 Chelsworth Road
FelixstOW8
IP112UJ
Bankers
The Trust s bankers are TSB Bank plc, 16 Buttermarket, Ipswich. IP11BG
Approved by order of the board of trustees on ..
. and signed on its behalf by:
Mr T Clark8 - Truste8
Page 6

Inde
Land
endent examinerfs re
uard fort trust
ort to the trustees of
Indepgndent examinerfs report to trnstees of Landguard Fort Trust fthe Company)
I report to the charity trustees on my examination of the ac(X>unts of the Company for the period
1 January 2023 to 31 March 2024.
Responslbillties and basis of report
As the charitys trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of trE accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act.).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your chariws
accounts as carried out under Section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the
2011 Act.
Independent exarninerfs statemant
I have completed my examination. I confirm that matters have come to my attention in connection with Ihe
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
the accounts do not accord with those records: or
th8 accounts do not comply wtth the accounting requirements of Section 396 of the 20C6 Act other
than any requlrement that Ihe accounts glve a true and falr vlèw which Is not a matter consldered as
part of an indepeTrJent examination,. or
the accounts have not been prepared In accordance wth the methods arKI prlnciples of the Statement
of Recommended Practice for accounts'ng and reporting by charib'es (applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102)).
I have no concems and have come across no other matters in connection vrith the examination to which
attention should b6 drawn In this report in order to enable a proper understanding of the accounts to be
reached.
Adrian Rush
l.S.fAhl y4lY. 20?S
Date: .
Page 7

Land
uard Fort Trust
Statement of financial activities
for the Period 1 Janua
2023 to 31 March 2024
Period
1.1.23
to Year Ended
31.3.24
31.12.22
Total
Total
funds
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
98.004
98.004
98,135
Charitable activitles
English Heritage
7.484
Other trading activities
Invesbment income
Other income
80,353
3,481
516
80,353
3,481
516
64,915
780
145
Total
182.354
182.354
171,459
EXPENDITURE ON
Raising funds
38.878
38,878
31,794
Charftable actlvltles
Fort opening
31,914
31,914
33,842
Other
106,735
561
107,296
75,045
Total
1TT,527
561
178,088
140,681
NET INCOMEI(EXPENDrruRE)
4,827
(561)
4,266
30,778
RECONCILIATION OF FUNDS
Total funds brought folward
240.216
3.499
243,715
212.937
TOTAL FUNDS CARRIED FORWARD
245.043
2,938
247,981
243,715
The notes form part of these financial statements
Page 8

Land
uard Fort Trust
Balance sheet
31 March 2024
31.3.24
Total
funds
31.12.22
Total
funds
Unrestricted Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
Heritage assets
15.149
22.581
15.149
22.581
16,715
21,809
10
37,730
37.730
38.524
CURRENT ASSETS
Slocks
Deblors
Cash at bank and in hand
14.002
7.864
192.739
14,002
7.864
195.677
11.257
6,716
196.467
12
2.938
214,605
2.938
217.543
214.440
CREDITORS
Amounts falling due within one year
13
{7.292)
(7.292)
{9.2491
NET CURRENT ASSETS
207,313
2,938
210,251
205,191
TOTAL ASSETS LESS CURRENT
LIABILITIES
245.043
2.938
247,981
243,715
NET ASSETS
245,043
2.938
247,981
243,715
FUNDS
Unrestrlcted funds
Restricted funds
14
245.043
2,938
240,216
3,499
TOTAL FUNDS
247,981
243,715
The charitable company is entitled to exemption from audit under Section 477 of the Companias Act 2006 for
the period ended 31 March 2024.
The members have nol required the company to obtsin an audit of its financial statem8nts for the period
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitsble company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial statements which give a Irue and fair view of the state of affairs of the charrtable
Gompany as at the end of each financial year and of its surplus or deficFt for each financial year in
aGcordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the
charitable company.
The notes fonn part of these financial statements
Page 9
continued...

Land
uard Fort Trust
Balan￿ sheet - continued
31 March 2024
These financial statements have be8n prepared in accordan￿ with the provisions applicable to charitable
Companies subject to the small companies regirne.
The financial ststements were approved by Ihe Board of Trustees and authorised for issu8 on
. and were signed on its behalf by:
MrT Clarke- Trustee
The notes fomi part of these financial statements
Page 10

Land
uard Fort Trust
Notes to the financial statements
for the Period 1 Janua
2023 to 31 March 2024
ACCOUNTING POLICIES
Basis of preparlng the financlal statements
The financial statements of the charitable company, which is a public benefft entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019),. Financial Reporting Stsndard 102 The Financial Reporting Stsndard
appliGable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been pr8pared under the histori￿1 cost convention.
The trustees consider that there are sufficlent r&8erves to enable the Trust to cxjntinue as a golng
concern.
Assets and liabilities are inib'ally recognised at historical cosl or transaction value unless othe￿IS&
stated in the relevant accounting policy note(s).
Incom•
All Income is recognised in the Ststement of Financial Aclivib"es once the charity has entitlement to the
funds, it is probable that the income will b8 received and th8 amount can be m8asured reliatrAy. Income
is shown n8t of VAT.
Incom& from grants is recognised when the charity has enmlement to the funds. any performance
conditions attached tri the grants have been met, it is probable that the incA)me will b8 received and the
amount can be measured reliably and Is not deferrèj.
Investrnent Incom8 is recognlsed on a recelvable basis.
Expendlture
Liabilities are recognlsed as expenditure as soon as there Is a legal or constructlve obligatlon
committing Ihe charity to that expenditure. it is probable that a transfer of economic benefits will be
reqUI￿d in settlement and the amount of the obligats.on can be measured reliably. Expenditure is
shown net of VAT. Expenditure is accounted for on an accruals basis and has been ctassified under
headings that aggregate all cost related lo the category. Where costs cannol be direcuy attributed to
particular headings they have been allocated to acb'vities on a basis consistent with the use of
resources.
Charltable activitles
Charitable expenditure shall indude all expenditure directy relatad to the objects of the charity
including the following
- Activities in furtherance of the charitys objectives
The cost of goods and services and ancillary irading costs that have been incurred in charitable
activities.
- Support costs of activities
Support costs of activities for charitable purposes comprising the salary costs of the Manager.
Tanglble flxed ass•ts
All assets costing more than £51XI are capitalised and valued at historical cost.
Depreciation is provided at the followrwJ annual rates in order to write off each asset over ts
estimated useful lrfe.
Improvements to property - 1 Oyo on cost
Video and audio equipment - 33Yo on cost
Heritage assets
All heritage assets are stated at cost less depreciation.
Where in the opinion of the Trustees the estimated residual value is not markedly drfferent from the
carrying amount no depreciation is charged as it is deemed immaterial
Page 11
continued...

Land
uard Fort Trust
Notes to the financial statements - conts'nued
for the Period 1 Janua
2023 to 31 March 2024
ACCOUNTING POLICIES - Continued
stocks
Stocks are valued at the lower of cost arKI net realisaNe value, after making due allovRnce for
obsolete and slow moving items.
Taxation
As a registered charrty, the Trust is exempt from income arKI corporation tax to the extent that its
income and gains are applicable to charitable purposes only. .
Fund accounting
The Charity maintains a general unrestricted fund which repr8sents funds which are expendable at the
discretion of the Trustees in furiherance of the objects of the charity. Such funds may be held in order
to finance both working capital and capital investmenL
Th8re is no fomal policy of transfer between funds or on the alk)catk)n of funds to designat&d funds.
other than that described above.
Any other proposed transfer bebAieen funds would be considered on the particular circumstances.
Further explanation of the nature and purpos8 of each fund is included in the notes to the financial
statements.
OTHER TRADING ACTIVITIES
Period
1.1.23
to Year Endad
31.3.24
31.12.22
Events
Shop and Tea Room Income
Tlcket office sales
Groups & lours
Trails
29,622
38,084
498
4,891
7,258
17,129
37,277
655
3,284
6,570
80,353
64,915
INVESTMENT INCOME
Period
1.1.23
to Year Ended
31.3.24
31.12.22
Deposit account interest
3.481
780
Pa9e 12
continued...

Land
uard Fort Trust
Notes to the financial statements - conkn'nued
for the Period 1 Janua
2023 to 31 March 2024
NET INCOMEI(EXPENDrruRE)
Net incomel(expenditure) is stated after ctharging1(crediting):
Period
1.1.23
to Year Ended
31.3.24
31.12.22
Depreclatlon - owned assets
6,261
3,817
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the period ended 31 March 2024 nor for the
year ended 31 December 2022.
Trustees, oxpenses
There were no trustees, expenses paid the period ended 31 March 2024 nor for the year ended
31 December 2022.
STAFF COSTS
The average monthly number of employees during the period was as follows:
Period
1.1.23
to Year Ended
31.3.24
31.12.22
Administration
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNrriES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
78.131
98.135
Charltable actfvitles
English Heritage
7.484
7,484
Other trading activities
Inveslmenl income
Other income
64.915
780
145
64,915
780
145
Total
151,455
20.004
171,459
EXPENDrruRE ON
Raising funds
31.794
31,794
Charltable actlvltles
Fort opening
7.543
33,842
Other
56.349
18,696
75.045
Page 13
continued...

Land uard Fort Trust
Notes to the financial ststements - continued
for the Period 1 Janua
2023 to 31 March 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNrriES - continued
Unrestricted Restricted
funds
funds
Total
funds
Total
114,442
26,239
140,681
NET INCOMEI{EXPENDITURE)
37,013
(6.235)
30,778
RECONCILIATION OF FUNDS
Totsl funds brought forward
203,203
9.734
212,937
TOTAL FUNDS CARRIED FORWARD
240.216
3.499
243,715
FEES FOR EXAMINATION OFTHE ACCOUNTS
The fee charged in respect of the independent examination of the TwsV8 financial ststements for th8
year ended 31 December 2022 was £500 (2021: £500). The Independent Examiner provides no other
professional or business services to the TrusL
TANGIBLE FIXED ASSETS
Video and
Improvements
audio
to property equipment
Fixtures
and
fittings
Totals
Cosl
At 1 January 2023
Additions
25,860
18,363
49,123
4,695
4.695
At 31 March 2024
25,860
18.363
9,595
53,818
Depreclatlon
At 1 January 2023
Charge for year
12.065
3.233
18.363
1.980
3,028
32,408
6.261
At 31 March 2024
15.298
18,363
5,008
38,669
Net book value
At 31 March 2024
10.562
4.587
15,149
At 31 December 2022
13,795
2,920
16,715
Page 14
continued...

Land
uard Fort Trust
Notes to the financial statemenls - continued
for the Period 1 Janua
2023 to 31 March 2024
10. HERITAGE ASSETS
Total
Market value
At 1 January 2023
Additions
21,809
772
At 31 March 2024
22.581
Net book valua
At 31 MarGh 2024
22,581
At 31 December 2022
21,809
Heritsge Assets comprise historic weaponry which was purchased during the financial year ended 31
March 2016 and the current period. There have been no subsequent disposal. The Trustees do not
consider that there Is any impaimient event requiring to be recognised In the CU￿ent period or in earller
years In relation to thls category of assets. The accountlng pollcy for thls category of assets is set out
in Note 1 to ihese Accounts.
11. STOCKS
31.3.24
31.12.22
Goods for r6sale
14.002
11,257
12. DEBTORS: AMou￿rS FALLING DUE WITHIN ONE YEAR
31.3.24
31.12.22
Trade debto
VAT
Prepayments
627
2.481
4,756
2.127
1.6T7
2,912
7.864
6,716
13. CREDITORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
31.3.24
31.12.22
Trade creditors
Soci81 security and other taxes
other creditors
Accrued expenses
2,319
1,334
206
3.433
4.894
689
3,666
7.292
9.249
Page 15
continued...

Land uard Fort Trust
Notes to the financial statements - continued
for the Period 1 Janua
2023 to 31 March 2024
14. MOVEMENT IN FUNDS
Net Transfers
movement
between
in funds
funds At 31.3.24
At1.1.23
Unrestrlcted funds
General fund
Artefacts fund
Heritage Lottery Bid fund
Capital investment fund
Visitor Facilities fund
145.644
30.000
15,000
49,572
8.060
(30,000)
123.704
30,000
15,000
26,339
50,000
(3,233)
(20,000)
50.000
240.216
4,827
245,043
Restrlcted funds
Project AV
Project Dnve
Defibrillator fund
1,000
1,500
999
{106)
894
1,500
(455)
3,499
(561)
2,938
TOTAL FUNDS
243,715
4,266
247,981
Net movement in funds, included in the above are as folk)ws:
Incoming Resources Movement
resources
expended
in funds
Unrestrlcted fund8
General fund
Caprtal investment fund
182.354
(174,294)
(3.233)
8,060
(3.233)
182,354
(177.52n
4,827
Restrlcted funds
Project AV
Defibrillator fund
(106)
(455)
(106)
(455)
(561)
(561)
TOTAL FUNDS
182.354
(178,088)
4,266
Page 16
conts'nued...

Land
uard Fort Trust
Notes to the financial statements - continued
for the Period 1 Janua
2023 to 31 March 2024
14.
MOVEMENT IN FUNDS - contlnued
Comparatives for movement in funds
Net
movement
in funds
At
31.12.22
At1.1.22
Unrestricted funds
General fund
Artefacts fund
Heritage Lottery Bid fund
Capital inv8Stment fund
106,045
30.000
15,000
52,158
39.599
145,644
30,000
15,000
49,572
{2.586)
203.203
37.013
240,216
Rostrfcted funds
Project AV
Project Drive
Plan for the future
Project Signage
Defibrillator fund
1,OIXI
1,500
6,663
571
1.000
1.500
(6,663)
(571)
999
999
9,734
(6,235>
3.499
TOTAL FUNDS
212,937
30,778
243.715
Comparative nel movement in funds. included in the above are as follows:
Incoming Resources Movement
sources
expended
in funds
Unrestrfcted funds
General fund
Capital investment fund
151,455
(111,856)
{2.586)
39.599
(2,586)
151.455
(114.442)
37,013
Restrlcted funds
Plan for the future
Project Signage
Kick Start fund
Defibrillator fund
Deputy fund
(6,663)
(571)
(6,696)
{309)
(12,000)
(6,663)
(571)
6.696
1,308
12.0(M)
999
20.004
(26.239)
(6,235)
TOTAL FUNDS
171,459
(140,681)
30,778
The trustees have created the following Designated Funds from Unreslricled Funds:
(l) Artefacts Fund - balance at 31 March 2024: £30,000
The Trustees designaled an initial £30,000 to this Fund. At 31 March 2024 £22,580 of this Fund is
represented by the HerTtage Assets included in Note 10 to Ihese ACCI￿ntS.
(11) Capital Investment Fund - balance at 31 March 2024: £26,339
Page 17
continued...

Land
uard Fort Trust
Notes to the financial statements - conts'nued
for the Period 1 Janua
2023 to 31 March 2024
14. MOVEMENT IN FUNDS - continued
The Trustees have designated £60.000 to this Fund. Al 31 March 2024 this has been reduced to
£26.339 as a consequence of cumulative depreciation being charged in respect of the acquired assets
85 noted above. Of the remaining net balance on this Fund. £10.562 is represented by fixed assets
included in Note 9 to these Accounts.
(iii) Herltage Lottery Fund - balance at 31 March 2024: £15.000
This Fund has been established by the Truslees to allow the Trust to submit future bids as future
opportunities arise, 8ither Independ8ntty or in parbwship wrth other organisations..
(Iv} Vlsitor Facilities Fund - balane• at 31 March 2024: £50.1)00
The Trustees have designated £50.000 to repla￿ the chemical toilets with a toilet block to provide
permanent visitor facilities.
Restrlctod Funds
Funds established by grants from Felixstowe Town Council as folk)ws:
- Project AV. in 2020 for additional Audio Visual capability.
Project Drive. in 2020 to cover improved visrtor experiencè for disabled and visitors with
restricled mobility.
Project Signage in 2021 to renew interpretsb'on for visitors.
Funds establlshed by a grant from East Suffolk Cwncll:
Plan for the future. In 2021 to provlde a tour guld8 app for visitors.
- Deputy fund in 2022 to help finarw£ the salary of the new Deputy Manager.
Fund established by a grant from The Food Kitchen:
- Kick Start fund in 2022 to fund emplosfjnent under th8 Kick Start Programme.
Fund established by a grant from Felixstowe Lions Club:
Defibrillator fund in 2022 to acqL¢ire a defibrillator
15. RELATED PARTY DISCLOSURES
There were no related party transacti￿$ for the period ended 31 Marth 2024.
Page 18

Land
uard Fort Trust
Detailed statement of financial activities
for the Period 1 Janua
2023 to 31 March 2024
PericKI
1.1.23
to
31.12.22
Year Ended
31.3.24
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Membership fees
Admissions
Grants received
1,357
1,149
79,498
16,000
3.292
140
72,700
22,003
98,004
98,135
Other tradlng actlvltles
Events
Shop and Tea Room Income
Ticket office sales
Groups & tours
Trails
29.622
38,084
498
4,891
7,258
17,129
37,277
655
3,284
6,570
80,353
64,915
Investment Incom•
Deposit account interèst
3,481
780
Charftable actlvltles
EngSish Heritage management fee
7,484
Other Income
Sundry
516
145
Total Incomlng resources
182,354
171,459
EXPENDITURE
Other tradlng activitles
Purchases
Events stsging costs
24,975
13,903
24,002
7.792
38,878
31,794
Charitable actlvities
Fort opening
Repairs and renewals
Fort Forward project
Seaward Defence project
24,141
3,153
2,952
1,668
14,631
11,712
3,528
31,914
29,871
Support costs
This page does not form part of the statutory financial statements
Page 19

Land uard Fort Trust
Detailed statement of financial activities
for the Period 1 Janua
2023 to 31 March 2024
Period
1.1.23
Year Ended
31.3.24
31.12.22
Support costs
Management
Wages
Social security
Pensions
Insuran
Postage and stationery
Advertising
Sundries
Resource Costs
Accountancy
Professional fees
Uniform
Depreciation of tangible and heritage
assets
82.488
755
1.595
3.086
371
1,575
42
7,089
1,731
57.694
1.007
3,279
467
2,712
1.871
2,000
782
693
6.261
3,817
105,686
77,969
Flnance
Bank charges
547
Other
Independent examination
Accounting dbfferences
500
426
500
926
500
Totsl resources expended
178,088
140,681
Net income
4,266
30.778
This page does not form part of the statutory financial statements
Page 20